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Better Volume Indicator with Sound Alerts


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Better Volume Indicator with Sound Alerts

 
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
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Ashtreegambler View Post
That would be much appreciated.

Many thanks.

@ Ashtreegambler:

Here is a modified version. I have not yet tested it with all bar types. I would appreciate, if you did the testing and then give some feedback. Thank you.

Once it is cleared, I will put into the download section.

Attached Files
Elite Membership required to download: BetterVolumeEnhanced.zip
Started this thread

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 Ashtreegambler 
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Thanks for the speedy response, will let you know the results

 
 Ashtreegambler 
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Fat Tails, apologies for not responding earlier, I've been out of action but now back in the saddle.

I've tried importing your latest version of the bettervolume indicator but get the error message "Import failed. The Ninjascript Archive File may contain duplicate method names that already exist on your PC or there is a required file missing on either your PC or in the import archive.

Any ideas ?

Thanks.

 
 
Fat Tails's Avatar
 Fat Tails 
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Ashtreegambler View Post
Fat Tails, apologies for not responding earlier, I've been out of action but now back in the saddle.

I've tried importing your latest version of the bettervolume indicator but get the error message "Import failed. The Ninjascript Archive File may contain duplicate method names that already exist on your PC or there is a required file missing on either your PC or in the import archive.

Any ideas ?

Thanks.

I think it is not linked to the indicator file, as the install file does come with the required files added.

Maybe there is a problem with your NinjaTrader installation. Could you please open Tools -> Edit NinjaScript -> Indicator, then select any of your indicators, open it and then compile it via F5. Do you get any error messages?

You can also check your log and trace files for further information.

Started this thread
 
 Ashtreegambler 
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Yep, I get the error message "Error on generating indicator", any advice for a luddard like me ?

 
 
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 Daytrader999 
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I just want to state that the indicator is working nicely....I installed it without any problems in NT7.

Thanks a lot FatTails !


@ Ashtreegambler: Please take a look at the bottom of the window, there should be another line stating the reason why the compilation failed.

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 Ashtreegambler 
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Thanks Daytrader999 the error message pointed to a 3rd party indicator that I've now deleted and now all is well, I'll start working on this version.

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 Daytrader999 
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You're welcome !

 
 danjuma 
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Hello Fat Tails,

Would you be kind enough please to give a brief description of the meaning of the following in your code:

weak climax churn bar
weak climax bar
weak churn bar
upclose other
downclose other


There does not seem to be an explanation for them anywhere in the thread.

Many thanks
Dan

 
 
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 Fat Tails 
Berlin, Europe
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Thanks Received: 27,102



danjuma View Post
Hello Fat Tails,

Would you be kind enough please to give a brief description of the meaning of the following in your code:

weak climax churn bar
weak climax bar
weak churn bar
upclose other
downclose other


There does not seem to be an explanation for them anywhere in the thread.

Many thanks
Dan

The original concept of BetterVolume goes back to Emini Trading & How to Day Trade | Emini-Watch.com

https://emini-watch.com/uploads/Media/Better_Volume_Indicator.pdf

Here is a simplified definition:

Climax bar: Wide ranging high volume bar. If N is the lookback period, then the product range x volume should be larger than for the last N-1 bars.
Churn bar: Narrow range high volume bar. If N is the lookback period, then the ratio volume/range should be larger than for the last N-1 bars. As the ratio alone does not define a high volume bar, it is also required that the volume of a churn bar be above average.
Climax churn bar: A bar which is both a climax and a churn bar.

Weak climax bars are basically the same as strong climax bars, but the period N is smaller. For a strong climax bar, the default value for the lookback period is N = 20, for a weak climax bar it is only N = 10. The larger the lookback period is chosen, the more important is the climax or churn bar.

Low volume bars: If N is the weak lookback period, then the volume of the low volume bar should be lower than the volume of the preceding N-1 bars.

Other bars: Upclose and downclose bars that neither qualify as climax, churn nor volume bars.

Started this thread

 



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